OUTLOOK
In the final quarter of 2024, property analysts anticipate that the HDB resale market will be powerful.  ,
According to Mr. Lim, the absence of a BTO training in the fourth quarter could cause more buyer action in the HDB selling business.  ,
Mohan Sandrasegeran, head of research and data analytics at Singapore Realtors Inc. ( SRI), who also made the point that no SBF exercise would be held in November, echoed this sentiment.  ,
According to him,” some potential homeowners, especially those in serious need of housing, are likely to look into alternatives like the sale business” given the prolonged gap between the BTO and SBF exercises.
The inability to find the available choices may cause these potential home seekers to look for more urgent solutions.
The second-half of 2024 should see improvements to the economy and job leads for Singapore, but the interest rate environment is still ambiguous, according to Ms. Sun.  ,
As the government plans to release more apartments in desirable locations in October, the buyer’s opposition may become more difficult, she added.
HDB may offer about 8, 500 condos in 14 BTO tasks in the October training. Based on their specific location, the new BTO assignments will be able to be rented as Standard, Plus, or Prime apartments.
Some buyers may get attracted to the excellent locations offered during the upcoming training, especially the fresh flats in Bayshore, Geylang, Woodlands, and Pasir Ris, which are in contact to an MRT place, said Ms Sun.
” The approaching BTO sales launch may also benefit some resale apartments in the area due to the increased awareness of the area and potential increases in services when these new apartments are finished,” she said.  ,
” Additionally, buyers purchasing selling flats in the same areas continue to enjoy a shorter 5- season MOP”, she added.
According to some well-known projects in the pipeline, need for private homes is anticipated to increase in the second quarter of 2024, according to property analysts.
These include the start of apartments like SORA, The Chuan Park, and Union Square Apartments.
By providing a variety of living options that meet a wide range of preferences and needs, these tasks are poised to add new life to the new release market, according to Mr. Sandrasegeran.
Sales volume could boost for the rest of 2024, according to Ms. Sun, with a progressively strengthening global market and the hiring view anticipated to improve in the latter half of the time.